Fire Protection Material Market for Construction

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Fire Protection Material Market for Construction
By Type, By End-Use, By Application, By Region,
Forecasts To 2017-2027
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Market Summary
Global Fire Protection Material Market for
Construction is forecast to reach USD 8.62
Billion by 2027, according to a new report by
Reports and Data. The market is seeing an
expanded interest from the construction sector
for the use of fire protection materials, as they
delay the spread of flames, toxic fumes, and
smoke, and give ample amount of time to carry-on
with the evacuation methods. However, due to the
use of costly raw materials, the high prices of
fire safety materials are steadily arising the
need for exploring and adopting other products as
a substitute to reduce the overall cost of the
operation and hence, will be hampering the market
demand. Rapid urbanization has changed the way
of life of individuals and, thus, has expanded
the pervasiveness of the construction sector for
commercial purposes over a broad aspect
therefore, augmenting the demand for the market
product. Furthermore, intensive research and
development increase the cost of the final
product, which makes the materials expensive to a
considerable section of consumers, especially
those of underdeveloped and developing countries,
and hence is anticipated to hinder the growth of
the market. The use of the Fire Protection
Material is supported by the Ministry of Science
Technology, Directorate General Civil Defence
Fire Services (DGCD), Ministry of Commerce and
Industry, and International Advanced Research
Centre for Powder Metallurgy and New Materials
(ARCI), of the Indian Government, thereby
boosting the demand for the product in the
market.
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The Central Institute of Plastic Engineering and
Technology (CIPET) has signed a Memorandum of
Understanding (MoU) with the Government of
Karnataka to establish an Advanced Polymer Design
and Development Research Laboratory in Bengaluru,
which would also help India tackle various global
issues such as the need for flame retardant
polymers, lightweight components and
high-performance coatings for multiple
industries. Scientists at China's University of
Science and Technology have produced a new
fire-retardant building material that can
withstand flames of about 1,300 degrees Celsius
without disintegration. A research team has
developed a composite aerogel with low thermal
conductivity and excellent resistance to fire.
The composite is highly durable, porous, and
displays better fire-resistance than current
insulation materials, such as expanded
polystyrene and glass wool. Moreover, other
nations such as China, Japan, and the United
States are also supported by their respective
government, which help them to withhold their
position in the market, raising the potential to
increase the expenditure in the Fire Protection
Material sector. The COVID-19 impact As the
COVID-19 crisis grows, manufacturers are quickly
changing their practice and purchasing priorities
to meet the required demand of a pandemic, which
has cut the need for Fire Protection Material for
construction in the market. Over a couple of
months, there will be a series of both positive
and negative shocks, as manufacturers and their
suppliers respond to providers changing needs.
With an unfortunate global situation, the
export-dependent economies of many regions look
vulnerable.
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Global Fire Protection Material Market for
construction is reshaped by the effects of this
pandemic, as some suppliers are either shutting
down or reducing their output, due to a lack of
demand from the downstream market. While some are
having their production suspended by their
respective governments as a precautionary measure
to combat the spread of the virus. In certain
regions, markets are focusing on becoming more
localized, by looking at the severity of the
outbreak, and the consequent actions by the
individual national authorities. Under these
circumstances, market conditions in Asia Pacific
regions have been very fluid, declining weekly,
making it challenging to stabilize itself. Get
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• Further key findings from the report suggest
• Based on type, Sealants accounted for the largest
  share of around 28.0 of the overall business in
  2019. They can be used where joints in walls have
  a high potential for movement, which is one of
  the main benefits.
• Based on end-use, Passive Fire Protection
  Materials generated revenue of USD 2.86 billion
  in 2019. It helps to minimize the amount of
  damage done to a building giving its inhabitants
  more time to evacuate by providing dampers for
  fire doors and firewalls/floors, which prevents
  fire/smoke from spreading through the ductwork in
  the house.
• Commercial construction accounts for the largest
  application category in the market and held
  around 52.0 of the overall business in 2019 due
  to increased fire safety regulations and
  stringent building codes enforced in the
  construction of offices, shopping centers, malls,
  hospitals, colleges, schools, universities, and
  hotels.
• The Asia Pacific dominated the market in 2019.
  The consistent focus of the region on
  cost-effective and innovative procedures adopted
  in the area is driving the market. The Asia
  Pacific region holds approximately 35.0 of the
  market, followed by Europe, which contains around
  27.0 market in the year 2019.
• Key participants include 3M, BASF Coating GmbH,
  Nippon Paint Co. Ltd., Hempel A/S, Pilkington
  Group Ltd., PPG Industries Inc., Morgan Advanced
  Materials, Hilti, Akzo Nobel N.V, and Rectorseal,
  among others.

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• For the purpose of this report, Reports and Data
  have segmented into the global Fire Protection
  Material Market for Construction on the basis of
  type, end-use, application, and region
• Type Outlook (Volume, Kilo Tons 2017-2027)
  (Revenue, USD Billion 2017-2027)
• Sealants
• Mortar
• Spray
• Sheets/Boards
• Putty
• Others
• End-Use Outlook (Volume, Kilo Tons 2017-2027)
  (Revenue, USD Billion 2017-2027)
• Active fire protection materials
• Passive fire protection materials
• Application Outlook (Volume, Kilo Tons
  2017-2027) (Revenue, USD Billion 2017-2027)
• Residential

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• Regional Outlook (Volume, Kilo Tons 2017-2027)
  (Revenue, USD Billion 2017-2027)
• North America
• U.S
• Europe
• U.K
• France
• Asia Pacific
• China
• India
• Japan
• MEA
• Latin America
• Brazil
• Browse Complete Report Fire Protection Material
  Market for Construction By Type, By End-Use, By
  Application, By Region, Forecasts To 2017-2027 _at_
  https//www.reportsanddata.com/report-detail/fire-
  protection-material-market

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